Condition subsequent

IntelGenx Reminds Shareholders to Vote at Upcoming Special Meeting

Retrieved on: 
Monday, November 13, 2023

SAINT LAURENT, Quebec, Nov. 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Company”) wishes to remind its shareholders of record as of October 2, 2023 (the “Shareholders”) of the importance of a vote FOR the various proposals detailed below at the upcoming special meeting of Shareholders to be held on November 28, 2023 (the “Special Meeting”) as a virtual meeting only.

Key Points: 
  • SAINT LAURENT, Quebec, Nov. 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Company”) wishes to remind its shareholders of record as of October 2, 2023 (the “Shareholders”) of the importance of a vote FOR the various proposals detailed below at the upcoming special meeting of Shareholders to be held on November 28, 2023 (the “Special Meeting”) as a virtual meeting only.
  • IntelGenx wishes to inform that the Company has been advised that the Autorité des marchés financiers (“AMF”) considers the Financing Transactions are subject to the minority vote prescribed by Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions.
  • As set out in the Proxy Statement, the board of directors of IntelGenx believes the Financing Transactions are in the best interest of the Company and unanimously recommends that the Shareholders vote “FOR” all matters put to a vote at the Special Meeting.
  • IntelGenx strongly encourages all Shareholders who would like to attend, participate and/or vote virtually online to carefully follow the procedures outlined in the Proxy Statement.

Theratechnologies Reports Financial Results for the Third Quarter and Nine Months of Fiscal 2023 and Provides Business Updates

Retrieved on: 
Tuesday, September 26, 2023

The MD&A and the unaudited consolidated financial statements can be found at www.sedarplus.ca , on EDGAR at www.sec.gov and at www.theratech.com .

Key Points: 
  • The MD&A and the unaudited consolidated financial statements can be found at www.sedarplus.ca , on EDGAR at www.sec.gov and at www.theratech.com .
  • Trogarzo® net sales in the third quarter of fiscal 2023 amounted to $7,672,000 compared to $7,935,000 for the same quarter of 2022, representing a decrease of 3.3% year-over-year.
  • As the other asset was fully amortized during fiscal 2022, amortization of the other asset in fiscal 2023 is nil.
  • There were no other significant financing activities or investing activities in the three and nine months ended August 31, 2023, and 2022.

K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities

Retrieved on: 
Tuesday, September 26, 2023

The Loan is at the corporate-level and may be used for general corporate purposes, working capital purposes, and capital expenditures.

Key Points: 
  • The Loan is at the corporate-level and may be used for general corporate purposes, working capital purposes, and capital expenditures.
  • John Lewins, K92 Chief Executive Officer and Director, stated, “We are extremely pleased to be expanding our partnership with Trafigura, with a US$100 million Loan and amended off-take agreement.
  • Importantly, the Loan enables K92 to more confidently invest and potentially increase exploration activities while completing the major production expansions.
  • The offtake agreement also secures long-term competitive terms and provides security and confidence in our income from the sale of our concentrate product.”

Anebulo Pharmaceuticals Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Recent Updates

Retrieved on: 
Wednesday, September 20, 2023

Fourth Quarter Fiscal Year 2023 and Subsequent Highlights:

Key Points: 
  • Fourth Quarter Fiscal Year 2023 and Subsequent Highlights:
    Positive feedback from the Type B meeting with the FDA supports advancing ANEB-001 to registrational studies.
  • Net loss in the fourth quarter of fiscal 2023 was $2.5 million, or $(0.10) per share, compared with a net loss of $2.3 million, or $(0.10) per share, in the fourth quarter of fiscal 2022.
  • Financial Results for the twelve months ended June 30, 2023
    Operating expenses in fiscal year 2023 were $11.8 million compared with $6.8 million in the same period in fiscal 2022.
  • The increase in the net loss was the result of higher operating expenses in fiscal year 2023, as explained above.

IntelGenx Announces Closing of First Tranche of Non-Brokered Private Placement From Strategic Partner for Approximate Aggregate Gross Proceeds of US$3 Million (Including US$750,000 to be Received by the Company Once Shareholder Approvals Have Been Obtaine

Retrieved on: 
Thursday, August 31, 2023

atai, a significant shareholder and partner of the Company, subscribed, on the date hereof, for 2,220 US Units for aggregate gross proceeds to the Company of US$2,220,000 (the “Initial atai Proceeds”).

Key Points: 
  • atai, a significant shareholder and partner of the Company, subscribed, on the date hereof, for 2,220 US Units for aggregate gross proceeds to the Company of US$2,220,000 (the “Initial atai Proceeds”).
  • The Corporation will seek to obtain the Shareholder Approvals at an upcoming special meeting of Shareholders to be held as soon as practicable after the date hereof.
  • An early warning report will be filed under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
  • This press release does not constitute an offer of securities for sale in the United States.

Oxbridge Re Holdings Limited Reports Second Quarter 2023 Results

Retrieved on: 
Monday, August 14, 2023

GRAND CAYMAN, Cayman Islands, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), a provider of reinsurance solutions primarily to property and casualty insurers, reported its results for the three and six months ended June 30, 2023.

Key Points: 
  • GRAND CAYMAN, Cayman Islands, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), a provider of reinsurance solutions primarily to property and casualty insurers, reported its results for the three and six months ended June 30, 2023.
  • “Our stable performance continued in the second quarter of 2023 with, again, no losses incurred,” commented Oxbridge Re Holdings Chairman and Chief Executive Officer Jay Madhu.
  • For the six months ended June 30, 2023 net premiums earned were $183,000 compared to $404,000 in the prior year.
  • Approximately $300,000 and $273,000 of management fees were deducted from the gross proceeds from the third-party investors and Oxbridge Re Holdings Limited, respectively, The tokens were issued on the Avalanche blockchain.

Carmell Announces Successful Closing of Merger with Axolotl Biologix and Launch of a New Brand Identity

Retrieved on: 
Wednesday, August 9, 2023

Carmell Corporation (Nasdaq: CTCX) (“Carmell”), a regenerative care company today announced the successful closing of the previously announced merger with Flagstaff-based Axolotl Biologix, a profitable regenerative medicine company developing products for active soft tissue repair, aesthetics and orthopedic indications (“Axolotl”).

Key Points: 
  • Carmell Corporation (Nasdaq: CTCX) (“Carmell”), a regenerative care company today announced the successful closing of the previously announced merger with Flagstaff-based Axolotl Biologix, a profitable regenerative medicine company developing products for active soft tissue repair, aesthetics and orthopedic indications (“Axolotl”).
  • As previously indicated, the initial merger consideration consists of $8 million in cash and $57 million in CTCX common and preferred shares.
  • The $8 million in initial cash consideration is due on completion of certain Conditions Subsequent to Closing.
  • Carmell also announced a change in its corporate identity from “Carmell Therapeutics Corporation” to “Carmell Corporation” and a new brand logo to reflect its broader focus on non-therapeutic indications in aesthetics.

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2023

Retrieved on: 
Thursday, August 3, 2023

Our net interest income for the quarter ended June 30, 2023, excluding any adjustment for expected credit losses was $3.3 million, a decrease of $0.2 million over the prior quarter.

Key Points: 
  • Our net interest income for the quarter ended June 30, 2023, excluding any adjustment for expected credit losses was $3.3 million, a decrease of $0.2 million over the prior quarter.
  • Our interest expense for the quarter ended June 30, 2023 increased $0.1 million compared to the prior quarter primarily as a result of rate increases on our floating rate repurchase financing.
  • For the quarter ended June 30, 2023, this amortization resulted in a recapture of book value of $1.1 million through the recovery of AOCI compared to $2.0 million for the quarter ended March 31, 2023.
  • We ended the quarter with a GAAP book value of $11.86 per common share, compared to a book value per common share of $12.58 for the quarter ended March 31, 2023.

Xtract One Releases Third Quarter Fiscal 2023 Financial Results

Retrieved on: 
Thursday, June 8, 2023

The bookings generated by the Platform operating segment was a 792% increase compared to the same period last year,” stated Peter Evans, Chief Executive Officer of Xtract One.

Key Points: 
  • The bookings generated by the Platform operating segment was a 792% increase compared to the same period last year,” stated Peter Evans, Chief Executive Officer of Xtract One.
  • Loss and comprehensive loss was $13.0 million for the nine month period ended April 30, 2023, compared $8.6 million for the same period in 2022.
  • Xtract One will host a conference call to discuss its annual results on Thursday, June 8, 2023, at 5:30 pm EST.
  • Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the financial results along with management’s outlook for the business, followed by a question-and-answer period.

The Metals Company Provides Q1 2023 Corporate Update

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the first quarter ending March 31, 2023.

Key Points: 
  • NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the first quarter ending March 31, 2023.
  • Marine minerals are emerging as a strong potential source to help meet growing metals demand.
  • General and administrative expenses were $6.2 million for the quarter ended March 31, 2023 compared to $8.5 million for the quarter ended March 31, 2022.
  • ET to provide an update on recent corporate developments, first quarter financial results and upcoming milestones.